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Friday, May 13, 2016

Pike & Rose celebrates launch of 930 Rose condominium sales (Photos)

A large crowd turned out at City Perch at Pike & Rose yesterday evening for the unveiling of floorplans and renderings of the future 930 Rose luxury condominiums. The 104 units will sit atop the future Canopy by Hilton hotel, and be one of the few condo developments to offer hotel amenities to its residents in the Mid-Atlantic region.

The 21-story building will offer a range of amenities and customization options. One feature available in some units directly above the hotel portion (see above rendering) will be terraces; many other units will offer balconies.

Parking spaces will be available for purchase in a garage specifically for residents, who will also have private elevator access to their units. Hotel guests will primarily rely on valet parking that will be offered outside Canopy, Mickey Papillon, VP at Federal Realty and General Manager of Pike & Rose said. Their vehicles will be parked in the other garages on the property.

One notable aspect of the building is the price range - prices start at $319,900 for a studio, but a one-bedroom for $399,900 sounds like a veritable steal if you consider the amenities, Metro accessibility, and on-site dining options now and at full build-out. By comparison, when the new 7770 Norfolk briefly went condo, its one-bedrooms were starting in the mid-$500s. You could easily buy your parking space and cover condo fees with the $100,000+ you saved here - and have breakfast at Carluccio's in the morning.

Here are the floorplans that were on display (click to enlarge for detail):

Studio

1-bedroom (the upsidedown V is the easel showingthrough, not part of the floorplan)

2 bedrooms, 2 bathsplus den and balcony

2 bedrooms, 2 baths

2 bedrooms, 2 bathsplus balcony

The 930 sales center at 11572 Old Georgetown Road will be having its first appointments Saturday. Inside you can check out a mock-up of an in-unit kitchen, and other interior options. One interesting detail is the full scale model of the future building that is on display. Where can I get one of those?

Scale model of the future930 Rose/Canopy by Hiltonbuilding

Attendees enjoyed appetizers from the kitchen of City Perch, cocktails and wine from the bar, and the first non-rainy day in two weeks on the restaurant's outdoor terrace.

I do like the concept of hotel-style amenities. I would like to buy one of these to have on hand for when guests come to town. We can offer them something more personalized than a hotel, especially when it comes to decor, but also not burden them with any housekeeping tasks. It seems like Pike and Rose gets better every day.

As a condo owner, I look at the nice building and amenities, and "condo fees" does pop out at me. I have a friend living in a similar type of building in Arlington, where some floors are hotel and the residents can use the hotel amenities. It has a 24-hour staff front desk and so on. His condo fees on a studio were over $700/month.

I was at the event last night and asked about the condo fees. The representative said they would be $0.60/square foot. There will be many amenities exclusive to the residents, plus many services they can access (and pay for) like hotel guests, including room service. Those condo fees do seem relatively low. And I have also experienced buying into a new condo building only to have the fees rise dramatically after the building filled up.

Was this on the same night as Bethesda Magazine's big party? I see they posted photos online, and everything down to the urinals had a sponsor. I know they stated some money went to charity, but I'm guessing the majority went into the pockets of the magazine's owners.

@9:20 It's a simple strategy -- define each category every narrowly so only the paying advertiser wins. In Soup Up's case, I think they won the "Best soup restaurant in a former vacuum cleaner store" category. Very prestigious!

7:12 here. What the heck am I missing? Is there some secret code to posting that I don't know about? Twice I post and twice I haven't waited long enough? Are you a group of friends that I'm butting in on? If so, let me know and I'll stop.I'm so confused.

I think it's just followup from when Dyer and his supporters used to accuse anonymous commentors of being the same person due to time stamps being right after one another. So those trolling Dyer tagged on to that and throw it back.

12:33: Uh, "Dyer and his supporters" never said any such thing. You make it easy to tell you're the same troll by using the same tired phrases, and by the fact that the negative comments all mysteriously stop when you are busy or on vacation. Not the sharpest tool in the drawer, but a tool for sure.